Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 11.7% | ||||
| 6.3% |
| 12.1% |
| 11.9% |
| 10.3% |
| EBITDA margin % | -35.9% | 1.9% | -0.4% | 3.2% | 4.1% | 6.7% | 5.6% | 3.7% |
| EBIT margin % | -35.9% | 0.9% | -0.4% | 0.4% | 3.7% | 6.3% | 5.2% | 3% |
| PAT margin % | -45.5% | 1.4% | 1.1% | 0.7% | 2.5% | 5.2% | 5.3% | 2.5% |
| Working capital | ||||||||
| Receivable days | — | — | — | 928 | 356 | 314 | 295 | 788 |
| Inventory days | — | — | — | 31 | 15 | 35 | 59 | 104 |
| Payable days | — | — | — | 215 | 228 | 175 | 145 | 547 |
| NWC days | — | — | — | 744 | 143 | 174 | 209 | 346 |
| Leverage | ||||||||
| Current ratio | — | — | — | 4.98 | 1.99 | 2.19 | 2.35 | 1.74 |
| Debt to EBITDA | — | — | — | 0.07 | 1.35 | 4.4 | 4.87 | 12.6 |
| Debt to equity | — | — | — | 0 | 0.05 | 0.02 | 0.02 | 0.02 |
| Interest coverage | -14.6 | 20.2 | — | 17 | 8.1 | 8.4 | 6.8 | 13 |
| Asset turnover | — | — | — | 0.2 | 0.57 | 0.07 | 0.07 | 0.04 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 0.1% | 1.4% | 0.4% | 0.4% | 0.1% |
| Return on capital employed % | — | — | — | 0.2% | 4.6% | 1.1% | 0.6% | 0.2% |
| Return on equity % | — | — | — | 0.2% | 2.4% | 0.4% | 0.4% | 0.1% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.